Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 818

818. (1) This section applies for the purposes of a proceeding in an
Australian court where:
(a) a person (in this section called the "representative") engages in
particular eligible securities conduct while the person is a representative of
2 or more persons (in this section called the "indemnifying principals"); and

   (b)  it is proved for the purposes of the proceeding that the
        representative engaged in the conduct as a representative of some
        person (in this section
called the "unknown principal") but it is not proved for those purposes who
the unknown principal is.

(2) If only one of the indemnifying principals is a party to the proceeding,
he, she or it is liable in respect of that conduct as if he, she or it were
the unknown principal.

(3) If 2 or more of the indemnifying principals are parties to the proceeding,
each of those 2 or more is liable in respect of that conduct as if he, she or
it were the unknown principal.